Can Bike Insurance Policies be taken for a shorter term than the normal period of one year?
Bike Insurance Policies are normally taken for a period of one year. However, according to the requirements of the Bike owner, a policy for a shorter term can be issued. Situations do arise when a person plans to sell off his Bike within a couple of months and he does not intend to renew his policy for another year. In such circumstances, he may go for a shorter period of cover. Short period insurance attracts Short Period Scale for calculating premium and obviously comes out costlier than the pro rata for the said period.
